Job Details
Job Description
Background of the company
- Kerchanshe Group is the largest producer and exporter of coffee in Ethiopia, and engage in manufacturing, agro-processing and export business. It has a proud history of providing quality coffees to the local and international markets. Currently Kerchanshe Group needs a dedicated and motivated candidate.
Job Purpose:
- To estimate production costs and track regular expenses, which may be related to a new process or a new product and recommend changes to pricing and business models through tracking data such as changing labor, supply costs, conducting market research.
Duties and Responsibilities
- Develops and maintains accurate costing systems in relation to labor, production methods and material supply.
- Analyzes changes in product design, raw materials, manufacturing methods, or services to determine effects on costs.
- Estimates new and proposed product costs as well as product changes.
- Analyzes the data collected and logs a detailed record of the results.
- Prepares (monthly, quarterly, and annual) cost forecasts.
- Analyzes monthly Cost of goods sold (CoGS), Purchase Price Variance (PPV) and Manufacturing variance journal entries.
- Analyzes data on material and labor costs to evaluate efficiency and effectiveness.
- Reviews standard and actual costs for inaccuracies.
- Analyzes changes in product design, raw materials, manufacturing methods, or services provided to determine effects on costs.
- Analyzes actual costs and prepares periodic report comparing standard costs to actual costs and recommend cost efficiencies.
- Provides finance support on business cases; project cost calculations/quotations for strategic projects with appropriate labor and overhead rates and overall production costs (make/buy, outsourcing/insourcing).
- Prepares product cost reports which meet the needs of managers and other employees using the information.
- Reconciles general ledger account balances for inventory, material expense and production costing items.
- Assists cost related issues in Ad-Hoc projects to improve overall financial process and controls.
- Evaluates and updates standard costs on a quarterly basis, which includes the review and analysis of material, direct & indirect labor, and other overhead costs incurred.
- Provides input and recommendations for streamline processes and updates of the cost accounting policies and procedures.
- Reviews and drives cost reductions, working capital opportunities and manufacturing productivity improvements.
- Prepares the monthly cost of sales figures by analyzes expenses such as material, labor, research, and development expenses.
- Performs other duties assigned by the immediate supervisor.
| Name Of The Post |
Senior Cost Accountant |
| Experience |
5+ years |
| Employment Nature |
Full Time |
| Job Post Date |
23 Apr 2024 |
Education
- MA or BA Degree in Accounting, Accounting and Finance, Management, Business administration or related fields.
- 3/5 years experience out of which two years as Inventory Accountant
Skills
- Strong knowledge of cost accounting principles and procedures.
- Verbal and written communication skills.
- Computer literacy, proficient in Microsoft Word, Excel.
- Familiarity with Peachtree accounting.
